PFMA’s Investment in Palm Oil Research: 329 Contracts Funded, 30 Geared for Commercialization

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Doc. Special / Eddy Abdurrachman, the Director of PFMA, explained that the research and development program, supported by PFMA funding, operates through a specific framework.

PALMOILMAGAZINE, SURABAYA – The Palm Oil Plantation Fund Management Agency (PFMA) is actively promoting the growth, development, and enhancement of the palm oil industry through its research and development program. This initiative is designed to create a seamless synergy from the upstream to the downstream sectors of the palm oil industry.

The program begins by engaging students in Indonesia, encouraging them to take an interest in palm oil research as a means of achieving sustainable and robust palm oil industries at the national level.

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Eddy Abdurrachman, the Director of PFMA, explained that the research and development program, supported by PFMA funding, operates through a specific framework. It encompasses two main components: the “Grant Riset Sawit,” which involves the selection and initiation of research projects, and the “Palm Oil Research Competition” at the student level.

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Grant Riset Sawit is the program to escalate research and development in sustainable and environmental palm oil by paying attention to some aspects, such as, productivity enhancement/efficiency, sustainability aspect enhancement, encouraging product creation/new markets, and escalating smallholders’ welfare,” he said when delivering his speech in Pekan Riset Sawit Indonesia (PERISAI) 2023, that Palmoilmagazine.com attended in Surabaya.

He also told, Grant Riset Sawit has been running since 2015. PFMA funded 329 cooperation contracts with 88 research and development institutions and also involving 1202 researchers in 19 provinces.

In the commercialization process, PFMA is in cooperation with Asosiasi Inventor Indonesia (AII) to conduct technology preparedness valuation for commercialization to new inventions that PFMA funded (Grant Riset Sawit).

“There have been 30 inventions from Grant Riset Sawit which are ready to be in commerce. Some investors wanted to use the inventions by having commitment in the form of letter of intent (LoI) and/or in the form of non-disclosure agreement (NDA),” Eddy said. (T2)

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